Bitcoin entered March around $61,200 and ended the month at ~$71,300, increasing 17%. While intraday activity was volatile and with heightened liquidations, Bitcoin spent the first two weeks of the month moving higher amidst particularly strong spot Bitcoin ETF inflows that included March 12th’s
GSR today announced that its Singapore subsidiary, GSR Markets Pte. Ltd. has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
Bitcoin entered February around $42,600 and ended the month at ~$61,200, increasing a whopping 44% for its largest monthly gain since December 2020. Crypto’s apex asset drifted lower to start the month after the Fed expressed caution around near-term rate cuts post the latest FOMC meeting.
Bitcoin gained ~1% during January after entering the month around $42,300 and finishing at ~$42,600. Bitcoin rallied into the approval of spot Bitcoin ETFs on January 10th, but price topped out around ~$48,500 the next morning before dwindling lower for most of the month due to GBTC outflows.
We saw 2023 as a turning point in our industry, and 2024 is poised to be a fascinating year with several macro and crypto-specific catalysts that are poised to drive change and perhaps push us into a full-blown bull cycle. In this report GSR’s venture capital team breaks down the narratives that
GSR has appointed Andreas Koukorinis as its new Head of Trading. He joins the firm from JP Morgan, where he most recently served as their Global Head of Credit and FICC ETF eTrading.
